Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.

AUD/USD (4 Hours) - July 8th - 2013

The AUD hit demand at the support level around 0.9033 after it dropped along a bearish trend
line. The bearish trend might continue if the current support line is not strong enough to stop the
decrease and the pair fails to cross the downward trend line.

AUD/USD (Daily) - 16 July , 2013

The USD hit demand at the resistance level around 1.0556 and has been dropping inside a bearish Andrew’s pitchfork to the support level around 0.9046. There further losses of the AUD/USD currency pair were haltered and we can see now that the rate is set to break out of the pitchfork. In addition, OsMA and CCI are still indicating a further bullish recovery. Therefore we might see a rise to the next resistance level around 0.9339 or even above if the bulls are strong enough to cross this hurdle.

The pair succeeded to achieve our first waited target at 0.9250, which shows good resistance that forces the price to bounce lower a little, and it might be forced to retest 0.9160, affected by Stochastic negativity.

In general, the bullish trend will be preferred on the intraday basis, unless breaking 0.9160 and holding below it.

Expected trading range for today is between: 0.9100 support and 0.9435 resistance.

The pair fluctuates around the waited to be breached resistance level at 0.9250, and the EMA50 keeps supporting the intraday trading, which encourages us to continue in preferring the bullish trend during the upcoming period, and the next target at 0.9435

Breaking 0.9170 will stop the positive expectations and lead to a potential visit for the psychological barrier 0.9000

Expected trading range for today is between: 0.9100 support and 0.9435 resistance.

The pair continues to fall to test 0.9130 level, which appears on the image as a sideways’ range support line, which limits the recent trading, therefore, the sideways trading range continues between the mentioned support and 0.9300 resistance, until managing to confirm breaching one of these levels and get clearer signals for the next intraday and short term trend.

Expected trading range for today is between: 0.9000 support and 0.9300 resistance.

AUD/USD (4 Hours) - 30 July , 2013

For the past six weeks the currency pair is trading in a sideways movement between the support level around 0.8991 and the resistance level around 0.9324 (Fibonacci level 50.0). Based on the commodity channel index the pair might be able to strengthen again so the sideways trend might continue.